Magazine article Screen International

CAA and Bona Film Group Establish Film Fund

Magazine article Screen International

CAA and Bona Film Group Establish Film Fund

Article excerpt

Roland Emmerich's Midway, announced in Cannes, is first project to be financed through the fund.

Distributor and production company Bona Film Group and Creative Artists Agency (CAA) have announced the launch of a long-term film fund, with an initial $150m investment.

The fund will be co-managed by Bona and CAA, with a focus on financing English-language films for the global marketplace, Chinese co-productions, and Chinese-language films for the local market.

Bona Film Group will distribute all films financed through the fund in China, while CAA will represent the North American and select international distribution rights to all films.

The first film financed through the fund is Roland Emmerich's Second World War drama Midway. Bona's $80m lead investment in the film, announced earlier this week, is the biggest deal made at this year's Cannes Film Festival. CAA brokered the deal and will represent US rights, while Bona has worldwide rights.

Upon closing of the initial funding, CAA will have directed more than $500m of Chinese capital into English-language content and it marks the first investment vehicle the agency has managed that will help finance Chinese-language films as a portion of its portfolio. …

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